Friday, June 2, 2017

Concord Bicycle Music acquires Imagem Music Group | Music Business Worldwide

Major news in the global publishing world: Concord Bicycle Music has fully acquired Imagem Music Group for an undisclosed fee.

Scott Pascucci, CEO, Concord Bicycle Music observed: “Steve Smith, Jake Wisely and I congratulate André de Raaff and Denis Wigman on a decade’s success building the Imagem portfolio to its extraordinary substance and scale.

“These are precious copyrights – they represent some of the best music ever created and we are proud to have an opportunity to represent them to the world. Our team looks forward to working with everyone at Imagem Music, Rodgers & Hammerstein and Boosey & Hawkes, as we usher in the next phase of Concord Bicycle Music’s development into an industry leading, full-service music company.”

André de Raaff, CEO, Imagem Music Group said: “I want to thank the Dutch pension fund ABP for believing and supporting us in creating such a successful and leading worldwide music publishing company in the shortest time ever in history.

“Winning GRAMMYs for Record of the Year with Daft Punk and Mark Ronson, Tony Awards for revivals of our musicals South Pacific and The King and I, and the continuing success of The Sound of Music, securing the rights of a long lost work by Stravinsky last year and immediately licensing 100+ performances, and the upcoming centennial of Leonard Bernstein with over 1,000 events already announced, are just a few of the countless successes we have enjoyed over the years. The biggest thanks to all composers and catalogue owners who committed to us and experienced the great people working for Imagem and ‘making the difference’.

“I think that Concord Bicycle, being a true independent, is a wonderful new home for Imagem under the leadership of Scott, Steve and Jake.”

The transaction team leader for Concord Bicycle Music was Chief Business Development Officer Steven Salm. Concord Bicycle Music was advised by Lisbeth R. Barron and Barron International Group, LLC and Reed Smith LLP. Imagem was advised by David Dunn and Robert Law of Shot Tower Capital and Venable LLP.Music Business Worldwide